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Chugai Mining Co.,Ltd., First Half Ordinary Profit Increases by 2.7 times, July-September Ordinary Profit Increases by 5.2 times

Tue Nov 12, 2024 4:00 pm JST Earnings

1491 Chugai Mining Co.,Ltd. 【J-GAAP】

Earnings Report

Chugai Mining Co.,Ltd. <1491> [TSE-S] announced its financial results after the market closed on November 12th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 2.7 times that of the same period last year, reaching 624 million yen. The progress rate against the 990 million yen full-year plan was 63.0%, also surpassing the five-year average of 51.7%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to surge by 16 times that of the same period last year, reaching 366 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged to 5.2 times that of the same period last year, reaching 254 million yen. The operating profit margin improved from 0.2% in the same period last year to 0.9%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2022 42,973 371 338 134 9.4 52.2 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 51,087 240 228 221 15.4 90.8 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 71,351 676 624 811 56.2 63.0 Nov 12, 2024 J-GAAP
YoY +39.7% +181.7% +173.7% +267.0% +264.9%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Guidance 71,351 676 624 811 56.2 10 Nov 11, 2024 J-GAAP
Apr - Sep, 2024 Results 71,351 676 624 811 56.2 10 Nov 12, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 62,671 123 23 -3 -0.2 0 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 80,649 504 366 359 24.9 － Nov 11, 2024 J-GAAP
YoY +28.7% +309.8% +1,491.3% － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 84,822 794 648 398 27.6 10 May 12, 2023 J-GAAP
Mar, 2024 113,758 363 251 218 15.2 10 May 14, 2024 J-GAAP
Mar, 2025 Guidance 152,000 1,180 990 1,170 81.2 － Nov 11, 2024 J-GAAP
YoY +33.6% +225.1% +294.4% +436.7% +434.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 25,328 43 49 45 3.2 0.2 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 32,952 41 10 8 0.6 0.1 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 29,719 82 13 -11 -0.8 0.3 May 14, 2024 J-GAAP
Apr - Jun, 2024 38,368 380 370 364 25.2 1.0 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 32,983 296 254 447 31.0 0.9 Nov 12, 2024 J-GAAP
YoY +30.2% +588.4% +418.4% +893.3% +868.8%

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